Bitcoin briefly touches $21,000 in market huge weekend pump

by Jeremy

The cryptocurrency market cap noticed internet inflows of round $6 billion within the final 24 hours and presently stands at $979 billion — up 0.69%.

Over the reporting interval, Bitcoin and Ethereum’s market cap elevated by 0.72% and 0.87% to $402 billion and $189.18 billion, respectively.

Most prime 10 cryptocurrencies recorded positive aspects over the reporting interval, excluding Dogecoin, Polkadot and Litecoin, which recorded losses.

Polygon and Solana posting the best positive aspects at 2.9% and a pair of.18%, respectively.

CryptoSlate wMarket update
Supply: CryptoSlate.com

The market cap of Tether (USDT) rose to $66.38 billion within the final 24 hours. The market caps of USD Coin and BinanceUSD (BUSD) barely decreased to $43.95 billion and $16.30 billion, respectively.

Bitcoin

BTC gained 0.65% to commerce at $20,841 as of 07:00 ET. Its market dominance rose to 41% from 40.2%.

Because the final market report, Bitcoin has damaged the $20,000 barrier and briefly tapped $21,000 amid a weekend pump that liquidated brief sellers. Analysts have instructed that bullish sentiments are returning to the coin.

Ethereum

Ethereum grew 0.81% during the last 24 hours to commerce at $1,544 as of 07:00 ET. Its market dominance rose to 19.3% from 19%.

The worth efficiency of ETH mirrored BTC’s. The second-largest digital asset by market cap traded close to its pre-FTX ranges all through the weekend. The spectacular worth efficiency additionally noticed it flip deflationary.

CryptoSlate wMarket update
Supply: Tradingview

High 5 Gainers

FTX Token

FTT is the day’s greatest gainer, rising 61.03% to $2.69 as of press time. It was unclear why the token’s worth was rising, contemplating there was no new data relating to the trade’s chapter case. Its market cap stood at $886.34 million.

Frax Share

FXS gained 41.78% over the reporting interval to commerce at $9.53 as of press time. The DeFi-related token surged by over 62% within the final seven days. Its market cap stood at $677.37 million.

Convex Finance

CVX rose 26.65% to $4.89 as of press time. The staking platform token elevated by 42% within the final 30 days. Its market cap stood at $357.48 million.

Everscale

EVER is up 24.43% over the reporting interval to commerce at $0.053 as of press time. It was unclear why the token was rising. Its market cap stood at $89.42 million.

Decentraland

MANA grew 23.66% within the final 24 hours to $0.69. The metaverse-related token has been on a tear within the final 30 days, rising by 114%. Its market cap stood at $1.3 billion.

High 5 Losers

Neutrino USD

USDN is the day’s greatest loser, shedding 9.79% over the reporting interval to commerce at $0.36. The depegged stablecoin has been trending downward  and has fallen 32% within the final 30 days. Its market cap stood at $244.88 million, as of press time.

Civic

CVC fell 6.51% within the final 24 hours to $0.103. The identification verification blockchain community’s worth rose 27% over the earlier seven days. Its market cap stood at $103.83 million.

Easy Love Potion

SLP decreased 6.76% to $0.0028 as of press time. The Axie Infinity-linked token has seen renewed curiosity within the final 30 days, rising 33%. Its market cap stood at $122.64 million.

Threshold

T plunged 6.35% within the final 24 hours to $0.021 as of press time. The token began strongly in 2023, posting positive aspects of over 25% within the final seven days. Its market cap stood at $179.54 million.

NuCypher

NU is down 6% over the reporting interval to $0.15. The Ethereum-based token has elevated by over 70% for the reason that begin of the 12 months. Its market cap stood at $108.73 million.

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